/biz/ - Business & Finance

[Anonymous No.58391582]

I gambled with my inheritance money om crypto and lost 60k already. I feel so shit bros, i'm already jobless and this was my one time to make it and I fucking flopped it. What now?

[Anonymous No.58391626]

Better luck next time.

[Anonymous No.58391657]

>>58391582
nothingburger
prices already going back up

[Anonymous No.58391665]

>>58391582
>jobless
nah your job was losing everything because you invested what you couldn't afford to lose.
the #1 way to lose everything is to tie up money that you'll be forced to liquidate when things go south. if you had a job, you could just leave everything in until it recovers, and you'd spend your days doing anything other than stressing over charts

[Anonymous No.58391693]

test

[Anonymous No.58392183]

It’s only money

Plus think about it like this, you had 0 before so you took the chance of making it with the inheritance that wasn’t itself make it money

You didn’t really lose anything

[Anonymous No.58392269]

>>58392183
I just feel fucking bad that I wasted the last opportunity my dad gave me to make it

[Anonymous No.58392325]

>>58392269
Just hold, after the halving it'll go up again, you lost nothing until you sell

[Anonymous No.58392440]

>>58392269
Did you get liquidated with leverage?

Or are you just down on your holdings?

If its not an actual liquidation then stop bitching faggot lmao

[Anonymous No.58392445]

>>58391582
lost like lost you sold
or lost like its down

[Anonymous No.58394410]

>>58391582
just reroll at life.
also you didnt deserve money anyway if you got 60k losses. literally impossible with a varied folio.
throw a rack at $super and hold for the best you could to

[Anonymous No.58394419]

>>58391582
Ape into $bananas were going to 10m tomorrow and 1b by eoy

[Anonymous No.58394434]

>>58391657
Try to have less ADHD zoomer retard this has only just begun. Ww2 didn't begin in a few hours it took weeks and months to slowly start dragging in more nations.

[Anonymous No.58394467]

>>58392183
>you didn't exist before the year in which you were born
>you get stabbed by a nigger and die
>nothing bad has occured since you haven't been alive since the dawn of time

[Anonymous No.58394483]

>>58391582
two more weeks

[Anonymous No.58394534]

>>58391582
>no cap I finna dump my 60k into illiquid shitcoins for an easy 100x bruh
>never gonna work again fr fr

[Anonymous No.58394535]

Nibba

[Anonymous No.58394544]

>>58394434
that was before the internet

[Anonymous No.58394549]

>>58391582
Must be nice having something left from your relatives.

[Anonymous No.58394582]

>>58391582
Seek Jesus Christ and your life can be salvaged. You may even become the best version of yourself you always thought you could be.

[Anonymous No.58394597]

>>58391665
this, this like 100 times, people jump in blindly just thinking they gonna become millionaires in 3 days. There's many things that affect crypto prices, supply, demand, inflation. Dont go in and put money you cant afford to lose, I mean dont be afraid of trying but also dont go in crazy blind. Maybe if truflation some day implements its AI prediction app maybe ti will be easier for new ppl.... but until then, dyor

[Anonymous No.58394602]

>>58391582
Just wait 7 days until the halving retardbro

[General Contractor No.58394774]

>>58391582
I put my 560k inheritance (RIP mom n dad), into s&p 500 covered call income fund. It pays me around 4600$/month and appreciates at nearly the same rate as the s&p.

[Anonymous No.58395007]

>>58394774
im too dumb to learn about options and this has probably saved me from getting my account wiped
just buy the commons you greedy fuck
and you can buy JEPI for high yield dividend to live like a neet

[Anonymous No.58395254]

>>58395007
>im too dumb to learn about options
At least read about what a covered call is before you reply to a comment entirely about them kek. This is not the kind of options gambling that happens on WSB.

[Anonymous No.58395264]

>>58395007
>>58395254
JEPI also sells covered calls btw.

[Anonymous No.58395293]

>>58392269
If you didnt buy a shit coin then just wait and it will go back up. Maybe it will be a year or longer, but it will go back up

[Anonymous No.58395319]

>>58391582
Ta da ta ta taaa

[Anonymous No.58395373]

>>58394434
You are a loser fucking crab retard who is so shit at life that you need to pull others down in order to be on their level and you will never make it

[Anonymous No.58395422]

>>58392183
no, in this instance I think "it's only money" isn't the appropriate response. His dad would have wanted him to use that money on something productive like paying for education, starting a business, making the down payment on a house, or getting married. Instead he blew it gambling.

[Anonymous No.58395436]

>>58391582
Don't gamble on crypto, don't let a slip turn into a fall if put it into something safe like SPY.

[Anonymous No.58396873]

>>58394419
wtf is that when there is qanx?

[Anonymous No.58397154]

>wait for 20% correction on BTC
>buy in and sit on your hands for 1 year
How hard is that?

[Anonymous No.58398366]

>>58391582
And what country are you from, pajeet?

[Anonymous No.58398391]

>>58391582
Keep gambling

[Anonymous No.58398416]

>>58394467
this but unironically

[Anonymous No.58398571]

>>58395264
I see. But the problem with these ETFs is, doesn't your initial investment get fucked over time? because the dividend payouts are so high, doesn't the principal actually shrink against truflation on the long term?

[Anonymous No.58398574]

>>58394467
>you get stabbed by a nigger and die
An arab. I'm European

[Anonymous No.58398642]

>>58398571
The problem with CC ETFs is that you get all the risk of the underlying without the returns. It works great when the underlying crabs but sucks in any other circumstances.
Real dividend ETFs (as opposed to CCs, which I'm not sure they pay in dividend, possibly rather as ROI, check the document to make sure) you are correct: the underlying tanks when there's a crash because the dividend gets cut, and it takes 3-4x longer to recover because they're always super late to restablish the dividend.

[Anonymous No.58398693]

>>58392183
wrong, he lost thousands upon thousands of hours his dad worked to provide a better life for his son, and not see him grow up as a retarded loser. and then OP just went all into some really, really shitty shitcoins, that his dad would have been appalled and disgusted by. The minimum he could do is now go to the nearest church and confess, and beg for forgiveness from his now deceased father.

[Anonymous No.58398721]

>>58398571
>I see. But the problem with these ETFs is, doesn't your initial investment get fucked over time?
Basically yeah. Covered calls aren't a free lunch, they convert some expected capital gains into income. That's usually a bad thing for investors because of tax inefficiency. Covered calls mean you miss out on the very large price upswings that happen occasionally, so the capital growth slows down.
In a vacuum the expected total return of an index and the same index with covered calls written against it are the same, they just get to you in different ways.

[Anonymous No.58398973]

>>58391582
now get a job, that's what I had to do

[Anonymous No.58399072]

>>58391582
https://www.youtube.com/watch?v=20ViFpURIDk

[Anonymous No.58399141]

>>58391582
If you've still got some shits in your pocket, splash it all on the ongoing MMON presale at mememon_io. This Solana Memecoin is about to pump hard.

[Anonymous No.58399290]

>>58399141
So this is the power of email verification...

[Anonymous No.58400596]

>>58391582
you need to get your feet wet in this space with 1 100th of your networth, you will piss it away on some shitcoin, or overleveraged positions. I pissed away my first attempt at surving this space and lost 99% of my initial investment back then. thankfully it was merely sub 1% of my networth.

[Anonymous No.58401847]

>>58398721
so whats the point of buying that vs just normal sp500 and liquidate 3% yearly?
why does that other email buy it?
he's getting 4600$ a month he said here:
>>58394774
and appreciates at almost the same rate at $4600
but they say that to not lose your principal you cannot withdraw more than 3% yearly (pic related) to stay safe, 4% for a bit higher chances of lossing your principal in the long run
so how does this guy get 4600$ a month from 560k and not lose his principal?
i have similar money and i want to know whats the best to live from it, i dont want real state i want something that i can live off while being able to move anywhere i want if i want to.

[Anonymous No.58401887]

>>58391582
You are now a BTC Maxi. Congratulations.

[Anonymous No.58403772]

>>58391582
Better luck next time, OP. Always invest only what you can afford to lose, Anon. I've been grabbing those low mcap tokens like DUA, DIMO, and KREST, DCA-ing on a monthly basis.

[Anonymous No.58403777]

>>58391582
That's rough anon. I bought cope on base chain after being rugged one too many times. Sitting very comfy right now as the chart recovers.

What did you lose it on?

[Anonymous No.58403780]

Anybody who buys CC ETFs are fucking retards. Just buy SCHD and fuck off.

[Anonymous No.58403782]

>>58392325
Selling is for losers, Fag. I scooped up some RWA tokens myself and gonna HODL onto them with Brillion smart wallet because it's the top choice for tokenized RWAs.

[Anonymous No.58403784]

kudos

[Anonymous No.58403793]

loosers

[Anonymous No.58403798]

haha

[Anonymous No.58404109]

>>58391582
i feel sorry for you man. maybe you should do a proper research next time before making any move.
if you got a website, you can try monetizing it through hydro without ads.
better luck next time anon

[Anonymous No.58404367]

>>58404109
sounds like someone got tired of google ads